APMM floats along on 'solid' Q1 profitability in Ocean, well prepared for choppy water
Despite President Trump’s claim this week that Yemen’s Houthi rebels had “surrendered to the US” ...
Despite declining revenue, Kuehne + Nagel reported increases of 6.3% and 5.1% in gross profit and EBITDA for the first nine months of 2016.
Sea freight rates for January to September saw a marked decline as low pricing and consolidation squeezed margins, continuing a trend reported in the forwarder’s half-year results.
KN’s sea freight division turned over Sfr5.9bn (US$5.95bn) during the nine-month period, compared with Sfr6.6bn in 2015, a 10.6% decline.
However, despite this, EBITDA for the division increased marginally to Sfr354m.
The air freight division mirrored this, ...
Comment on this article